explorer
Legendary
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Activity: 2016
Merit: 1259
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January 07, 2014, 03:53:18 AM |
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Double-Top, Bubble-Pop!
Spoke too soon, To The Moon! idk, just thought I'd rhyme in  |
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ChartBuddy
Legendary
 Online
Activity: 2352
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 07, 2014, 04:02:20 AM |
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pdawg
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January 07, 2014, 04:05:23 AM |
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TERA
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January 07, 2014, 04:19:54 AM |
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I predict March-April is going to be huge for the US. TAX RETURNS pouring into the exchange(s).
I don't think any bitcoiners are getting taxes RETURNED. More likely they owe a crap load of tax, so actually they need to dump. |
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Vigil
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January 07, 2014, 04:20:20 AM |
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support zone will vanish and become the new resistance zone.
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the_sunship
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January 07, 2014, 04:26:12 AM |
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I predict March-April is going to be huge for the US. TAX RETURNS pouring into the exchange(s).
I don't think any bitcoiners are getting taxes RETURNED. More likely they owe a crap load of tax, so actually they need to dump. if you sell off bitcoins to pay tax, you'll have to pay tax on that as well. I don't think a lot of people are going to be selling much... |
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mskryxz
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January 07, 2014, 04:28:55 AM |
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I predict March-April is going to be huge for the US. TAX RETURNS pouring into the exchange(s).
I don't think any bitcoiners are getting taxes RETURNED. More likely they owe a crap load of tax, so actually they need to dump. if you sell off bitcoins to pay tax, you'll have to pay tax on that as well. I don't think a lot of people are going to be selling much... sell bitcoins locally, localbitcoins.com or on craigslist how can they find out you sold for profit? |
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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January 07, 2014, 04:29:18 AM |
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Sorry I know this has nothing to do with this thread, but given that it's kind of dead here I figured I'd ask anyway.
Does that fact that weed is now legal in Colorado mean that people in prison for taking it have now been released? Will this be the case as the states legalise it one by one?
No the people in jail in Colorado for having weed will still stay in jail for the next 10 to 20 years unless the Prez lets them out. And since weed is still illegal on the Fed level that wont happen. The Fed Govt could raid Colorado and jail everyone in Fed jail if they wanted to. This is truly awful  just wait for the next big swing to the right and see what happens to everyone who gave up their info in "medical" states well you can't buy weed with credit cards, so hopefully they all just used cash. Ugh, but this is also awful. |
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virtualfaqs
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January 07, 2014, 04:29:24 AM |
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support zone will vanish and become the new resistance zone.
Tonight's Mtgox Match Up! 325 BTC @ $1036 Little Guy vs 1142 BTC @ $1050 Behemoth! |
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MAbtc
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January 07, 2014, 04:46:46 AM |
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sell bitcoins locally, localbitcoins.com or on craigslist
how can they find out you sold for profit?
That's great for pocket change, but a bit harder to manage when its time to buy that castle. Especially if you are not in a heavily populated area. Yes I love localbitcoins, but if bitcoins are worth 6 figures I think selling one at Starbucks for cash may pose problems. It's awkward enough at the current rates... |
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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January 07, 2014, 04:57:53 AM |
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I predict March-April is going to be huge for the US. TAX RETURNS pouring into the exchange(s).
I don't think any bitcoiners are getting taxes RETURNED. More likely they owe a crap load of tax, so actually they need to dump. if you sell off bitcoins to pay tax, you'll have to pay tax on that as well. I don't think a lot of people are going to be selling much... 1)April is a lifetime from now, nobody knows where the price will be. 2) Can't retire without selling a few coins... Sooner or later, some taxes are going to get paid...
I agree. It's frustrating, but so far my method has been to sell the maximum I can each year while remaining under the capital gains threshold. Since this is so low, it means hodling at least 95% a year. |
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spooderman
Legendary
Offline
Activity: 1652
Merit: 1029
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January 07, 2014, 04:58:32 AM |
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sell bitcoins locally, localbitcoins.com or on craigslist
how can they find out you sold for profit?
That's great for pocket change, but a bit harder to manage when its time to buy that castle. Especially if you are not in a heavily populated area. Yes I love localbitcoins, but if bitcoins are worth 6 figures I think selling one at Starbucks for cash may pose problems. It's awkward enough at the current rates... *sigh* decimals my friend. |
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MAbtc
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January 07, 2014, 05:06:48 AM |
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sell bitcoins locally, localbitcoins.com or on craigslist
how can they find out you sold for profit?
That's great for pocket change, but a bit harder to manage when its time to buy that castle. Especially if you are not in a heavily populated area. Yes I love localbitcoins, but if bitcoins are worth 6 figures I think selling one at Starbucks for cash may pose problems. It's awkward enough at the current rates... *sigh* decimals my friend. Decimals are no good when I want my $100k. |
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pdawg
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January 07, 2014, 05:28:17 AM |
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I think this resistance zone is going bye bye:  |
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BeatMyBit
Newbie
Offline
Activity: 13
Merit: 0
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January 07, 2014, 05:31:35 AM |
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I predict March-April is going to be huge for the US. TAX RETURNS pouring into the exchange(s).
I don't think any bitcoiners are getting taxes RETURNED. More likely they owe a crap load of tax, so actually they need to dump. if you sell off bitcoins to pay tax, you'll have to pay tax on that as well. I don't think a lot of people are going to be selling much... sell bitcoins locally, localbitcoins.com or on craigslist how can they find out you sold for profit? not everyone here is looking to commit fraud/tax evasion. Not judging you for it tho! taxes suck. |
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MikeH
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January 07, 2014, 05:32:02 AM |
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how would they even know what your capital gain was? I've bought btc many times from various sources and have no records of purchase price.
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MikeH
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January 07, 2014, 05:33:30 AM |
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I'm not declaring shit - proceeds from gambling isn't taxed here.
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BeatMyBit
Newbie
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Activity: 13
Merit: 0
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January 07, 2014, 05:37:58 AM |
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I'm not declaring shit - proceeds from gambling isn't taxed here.
Uhhhh ya it absolutely is if you live in the good ol' USA although it does vary from country to country in the EU |
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MikeH
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January 07, 2014, 05:40:19 AM |
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where is here?
in the usa it is
Australia - of course it may seem a stretch to call it gambling but we all know it is. |
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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January 07, 2014, 05:46:23 AM |
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My hunch is that we will burst through the ath in a few days. And relax around the 1500 mark (gox price). Next bubble pop talk will start around 2k+ and the actual pop doesn't occur until 4k.
Note: I am usually wrong, APART from when I have actually put my money where my mouth is. I haven't lost by actually trading before.
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